Court rejects ex-NY Fed employee's retaliation claim lawsuit

Criminal Law

A New York-based federal appeals court has rejected claims of a former employee of the Federal Reserve Bank of New York who says she was fired for her probe into the banking firm Goldman Sachs.

The 2nd U.S. Circuit Court of Appeals in Manhattan on Wednesday upheld a lower-court ruling dismissing Carmen Segarra's lawsuit.        

She claimed the New York Fed interfered with her examination of Goldman Sachs' legal and compliance divisions and directed her to change findings.

The appeals court was particularly dismissive of Segarra's effort to hold three New York Fed employees responsible. It said the effort was "speculative, meritless, and frankly quite silly."

The Federal Reserve oversees Wall Street's biggest financial institutions.

Last year, Senate Democrats accused the Fed of being too close to big banks it regulates.

Related listings

  • Charleston church suspect's friend charged with lying to FBI

    Charleston church suspect's friend charged with lying to FBI

    Criminal Law 09/16/2015

    A friend of the man accused of gunning down nine parishioners at a Charleston church is charged with lying to federal authorities and concealing information during their investigation, and he was scheduled for his first court appearance Friday.  ...

  • Appeals court won't reinstate 1990 arson-murder conviction

    Appeals court won't reinstate 1990 arson-murder conviction

    Criminal Law 08/18/2015

    An elderly man who spent 24 years in prison for his daughter's death in a fire will remain free after a federal appeals court in Pennsylvania on Wednesday refused to reinstate his murder conviction. Han Tak Lee, 80, a native of South Korea who earned...

  • Texas inmate executed for killing police officer in chase

    Texas inmate executed for killing police officer in chase

    Criminal Law 08/13/2015

    Texas inmate Daniel Lee Lopez got his wish Wednesday when he was executed for striking and killing a police lieutenant with an SUV during a chase more than six years ago. The lethal injection was carried out after the U.S. Supreme Court rejected appe...

New York Commercial Litigation Law Firm - Woods Lonergan PLLC

Founded in 1993 by Managing Partner James F. Woods, Woods Lonergan PLLC has built a strong reputation as a resourceful and industrious firm that provides clients with clear, concise, and straightforward answers to their most challenging legal issues. Partner Lawrence R. Lonergan, who joined the firm in 2008, has been a friend and colleague to Mr. Woods for over 40 years and shares the same business philosophy. Woods Lonergan PLLC’s collective experience and expertise enables the firm to expeditiously and effectively analyze the increasing challenges clients face in an evolving business and legal world, in many instances, avoiding unnecessary time and expense to our clients. Our mission is simple: provide cutting-edge expertise and sound advice in select areas of the law for corporate and business clients. We thrive on providing each client with personalized attention, forceful representation, and a collaborative team effort that embraces collective knowledge.

Business News

New York & New Jersey Family Law Matters We represent our clients in all types of proceedings that include termination of parental rights. >> read